+ Watch PVA
on My Watchlist
The Company is engaged in the exploration, development and production of crude oil and natural gas.
Penn Virginia Corporation Announces Record Quarterly Oil Production and Preliminary 2014 Oil Production Growth Guidance of 65 to 85 PercentA snippet from the press release: "H. Baird Whitehead, President and Chief Executive Officer stated, "In the third quarter, our operating cash flows and margins remained strong as a result of the continued growth in oil production, as well as lower unit operating costs. Despite this growth, our production and revenues increased less than expected during the third quarter due to several issues associated with the outside operated Eagle Ford Shale program. Our non-operated partner recently reduced its rig count from two to one and, as a result, we have increased our operated drilling rig count by one rig. We continue to expect our 2013 results to remain within our previous guidance. The increase in operated activity during the fourth quarter will have a negligible production and cash flow effect in 2013 but will, of course, provide much more of a benefit in 2014. We now expect 2014 oil production growth of between 65 and 85 percent over 2013 with the assumption that five operated rigs and one outside operated rig will be dedicated to the Eagle Ford Shale drilling program."I think folks are completely missing the value proposition here. I have a target of $15 per share on this stock.
Expanding oil focus and reserves. An up turn in Nat. Gas prices. I believe dividend will be reinstated on commons due to increased revenues/ decreasing debt and share prices rising.
Howard Weil puts it best: "Despite the move in the stock over the last couple of weeks, PVA has tremendous upside with current assets. The compelling acreage position in the Eagle Ford, where PVA has ~66,000 net acres, should fuel the necessary growth over the next decade. The Company has delineated the acreage block and has 10 years of engineered locations with the potential to almost double that via ~50-acre downspacing, which is the current development plan by both PVA and neighboring Eagle Ford peers. The underlying valuation remains one of the most compelling for onshore operators at just 55% of NAV and just 3.7x 2014 EBITDA."
This stock is primed for a POP!! 20% short float and trending up!! Continues to improve margins and growth. Book value and enterprise value 4-5 times current stock price, recent acquisitions are going to drive growth along with natural gas prices.....go long and forget about it at this price!!
no productive business
Strong balance sheet is the only thing holding PVA up. Cash on hand at this time is rock bottom which concerns us all. Could be a big turn around stock once they start generating substantial revenues from the Pennsylvania project, but it's looking more like they will be selling some shares to get some cash...or assets. Do they realize they are paying a dividend? Makes more sense to suspend it until they are better stabilized, but who knows what they are thinking.
Covestor Model Manager D5 Advisors bought PVA in his Oil and Gas Producers Covestor Model ( http://covestor.com/D5-Advisors )
getting in while its cheap... marcellus shale play
2008 EPS: 2.582009 EPS: -.292010 EPS: .39trailing pe 8.2current pe -forward pe 54
BEST NATURAL GAS PLAY, GREAT COMPANY
cause inflation is a coming put not just yet but to me the dollar will rise again there isnt no better currency to got o except gold or the yaen or what ever it is which i dont think will happen soon and canadian dollar would be nice we rock canada the land of many resourses and strong banking and a bunch of hard working people ,i cant believe the mess the banking geniuses did to make the housing bubble give every person working or not ,and expect them to pay lmao its called greed big time and who pays for it us the people lol, what a BAD deal and dont get rid of nobody from any bank or instead of letting all the losing leach sucking banks fail and let the good one survive would have mad alot more sense to anybody but no they have to print a kizzzzilion dollars and make every body pay moon rockets prices for everything in the future what a bunch of morons , dam we could have got a kinergarden student to do better, wow AIG NO WHAT THE HELL IS THAT AINT AND INSURANCE COMPANY GONE BAD AND WE BAILED THEM OUT WOW WHAT IS TTHIS WORLD COMING TOOOOO
The market is in a big mess and everything is about to fall
all phases of exploration, development & production
Analyst Irene Haas of Canaccord Adams maintains her "buy" rating on Penn Virginia Corporation (PVA), while revising her estimates for the company. The target price has been raised to $80.In a research note published yesterday, the analyst mentions that the WTI crude oil price per barrel estimates for 2008 and 2009 have been raised from $87 to $115 and from $85 to $115, respectively. The NYMEX Henry Hub natural gas price estimates for 2008 and 2009 have been raised from $8.50 to $10 and from $8.50 to $11, respectively. The cash flows per share estimate for 2009 has been revised to $9.43.
I dont know, but it got a bullish top signal and it should be quite well short term and long term
(PVA)...New pipeline will be able to yield 15 million cubic feet per day of natural gas, rather than the initial thought of 8 million cubic feet per day. They will be increasing their pipeline capacity in July from 5 million cubit feet per day to 10/15 million per day. Thus more natural gas per day, more money, higher yield. GMX Resources Inc (GMXR) is their partner in development so it is on the rise and will ride along.
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